"Taiwan Business Forecast Report Q2 2014" Is Now Available at Fast Market Research
Recently published research from Business Monitor International, "Taiwan Business Forecast Report Q2 2014", is now available at Fast Market Research
Boston, MA -- (SBWire) -- 03/27/2014 --Taiwan's economy accelerated strongly in Q413, leading the island to record a full-year 2013 real GDP growth of 2.2%, marginally eclipsing our forecast of 2.1%. While we remain constructive on economic momentum in the coming quarter, we remain less upbeat on Taiwan's growth trajectory through 2014. We expect the economy to face key downside risks from a slowing Chinese economy, as well as a possible correction within the local property market. We are happy to remain below consensus with our real GDP growth forecast for 2014 coming in at 3.0%, versus 3.5%.
While the Taiwanese dollar has lost 3.4% of its value since the selloff which began in October 2013 and 1.5% since the start of 2014, it appears to have found some measure of stability in recent trading sessions. We expect the unit to trade between the range with resistance at the TWD30.20/US$ level and support at the TWD30.70/US$ level. We are forecasting the currency to average TWD30.50/US$ in 2014 before ending the year at TWD30.70/US$.
View Full Report Details and Table of Contents
Taiwan's biggest long-term political challenge is managing its deepening economic ties with mainland China, so that it retains its de facto political independence. Beijing appears to be pursuing the absorption of Taiwan by stealth, but this could yet lead to a backlash from Taiwanese voters.
Taiwan's property market appears to be moving in the opposite direction to the broader economy. Despite relatively sluggish economic performance over the past year, Taiwanese real estate continues to boom. We have highlighted before that property boom has not been backed by solid economic fundamentals and the continuing rise in prices merely makes our conviction stronger. With property demand expected to be hit by a weakening economy, while housing supply continues to increase, we believe that a correction in the sector is only a matter of time.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Country Reports research reports at Fast Market Research
You may also be interested in these related reports:
- Chile Business Forecast Report Q2 2014
- Brazil Business Forecast Report Q2 2014
- Hungary Business Forecast Report Q2 2014
- Croatia Business Forecast Report Q2 2014
- Trinidad & Tobago Business Forecast Report Q2 2014
- Canada Business Forecast Report Q2 2014
- Russia Business Forecast Report Q2 2014
- Albania Business Forecast Report Q2 2014
- Lithuania Business Forecast Report Q2 2014
- United States Business Forecast Report Q2 2014
Media Relations Contact
Director of Marketing
View this press release online at: http://rwire.com/481112